PHIQX – PGIM Muni High Income R6 Investment Strategy | Morningstar

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Strategy

The investment seeks to provide the maximum amount of income that is eligible for exclusion from federal income taxes. The fund normally invests at least 80% of its investable assets (net assets plus any borrowing for investment purposes) in municipal bonds, which are fixed-income securities issued by states and municipalities whose income is free from regular federal income tax. Its investments may include certain municipal bonds, the interest on which is subject to the federal alternative minimum tax ("AMT").

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHIZX	PGIM Muni High Income Fund-Class Z	Institutional	Open			Sep 16, 1996	$550.68M	0.580%	Average	$0	$94.93M
PRHAX	PGIM Muni High Income Fund-Class A	Front Load	Open			Jan 22, 1990	$310.82M	0.810%	Average	$1,000	−$14.38M
PHICX	PGIM Muni High Income Fund-Class C	Level Load	Open			Aug 1, 1994	$13.37M	1.640%	Above Average	$1,000	−$3.34M
PHIQX	PGIM Muni High Income Fund-Class R6	Retirement, Large	Open			Jun 27, 2017	$93.35M	0.490%	Below Average	$0	$17.76M

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